@koreymoffett Bitcoin is a brilliant proof of concept. Its algorithmic inefficiency, however, means it's controlled by the wealthy by its very nature, and wastes tremendous amounts of resources.
Also, "wastes" energy by creating hardest money ever, as opposed to military-idustrial-complex-based fiat (measure it's "waste").
Miners has incentive to use cheapest electricity, starting to use vented gas:
Some more context:
Also, some very important #bitcoin use cases:
@wizzwizz4 @koreymoffett And it just had beat it in a ~12 years, a basically "grassroots" movement of mostly geeks? Only now it starts to get traction as treasury reserve, for example, and it's still lot's of progress to make to become money you criticizer it is not. Yes, it's very little used as medium of exchange (but growing), and using it as unit of account is usless, as for your volatility comment. That's true. But again, it just *had* to achieve this without government help, in 10 years?
Fosstodon is an English speaking Mastodon instance that is open to anyone who is interested in technology; particularly free & open source software.